Shopping Center Business

SEP 2018

Shopping Center Business is the leading monthly business magazine for the retail real estate industry.

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FROM THE PUBLISHERS Volume 23, Issue 5 September 2018 www.shoppingcenterbusiness.com FRANCE MEDIA, INC. Jerrold France Chairman/CEO Publisher Scott France President Michael Jacobs Chief Financial Officer Jaime Lackey Vice President/ Marketing & Digital Strategy Randall Shearin Senior Vice President/ Editorial & Operations EDITORIAL Randall Shearin Editor-in-Chief Katie Sloan Associate Editor Camren Skelton Associate Editor Lynn Peisner Staff Writer Nick Topolski Graphic Designer ADVERTISING SALES Scott France Co-Publisher Craig McIntosh Media Advisor Ryan Nixon Media Advisor Robin Reimold Media Advisor Barbara Sherer Media Advisor/ Classified Ad Sales INTERFACE CONFERENCE GROUP Richard Kelley Senior Vice President Eric Goldberg Conference Producer Mike Jax Conference Producer Alicia Turlington Conference Manager Heather James-Wyrick Conference Coordinator India Wright Conference & Marketing Coordinator ADMINISTRATION Teresa Hennington Office Administrator Jim Clark Advertising Traffic Vally Smith Circulation Assistant For subscriber services, including change of address, please call or write to: SHOPPING CENTER BUSINESS Customer Service Department P.O. Box 47065 Plymouth, MN 55447-0065 telephone 1-800-869-6882 E-mail: scb@kmpsgroup.com or visit our subscriber services portal at: www.shoppingcenterbusiness.com SHOPPING CENTER BUSINESS (ISSN 1088-3339) is published monthly by France Publications, Inc., d/b/a France Media, Inc. © 2018 France Publications, Inc. Editorial and advertising offices are located at 3500 Piedmont Road, Suite 415, Atlanta, GA 30305. Telephone (404) 832-8262. Facsimile (404) 832-8260. E-mail: scb @francemediainc.com. Pe- riodicals Postage paid at Atlanta, GA, and at additional mailing offices. POSTMASTER: Send address changes to SHOPPING CENTER BUSINESS, P.O. Box 47065, Plymouth, MN 55447-0065. Shopping Center Business is a registered trademark of France Publications, Inc. Subscription rates: USA 1 year, $79; 2 years $126; outside USA, 1 year $99 ($129 air mail delivery); 2 years $166 ($226 air mail delivery). Single copies are $10.00. The opinions and statements made by authors, contributors and advertisers to Shopping Center Business are not necessarily those of the editors and publishers. © 2018 France Media, Inc. To photocopy items from Shopping Center Business in quantities of 100 or less, authorization must be obtained from and a fee paid to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, telephone (978) 750-8400. For quantities of more than 100, please contact Barbara Sherer, manager of special advertising, at (404) 832-8262. 2 • SHOPPING CENTER BUSINESS • September 2018 S hopping Center Business's editor, Randall Shearin , recently spent some time with two cities seeking to at- tract retail for their growing populations. In Philadelphia, we held a roundtable with the Center City District to discuss how the area is attracting new retail, restaurant and entertainment tenants. Philadelphia has seen major strides over the past five years. With the addition of Fashion Dis- trict Philadelphia next year, retailers and restaurateurs will have even more options in the city. Philadelphia has a strong resi- dential base; something that many down- towns don't have. The city has made that fact well known to retailers, who quickly realize that retail doesn't need to close at 5 o'clock. Shopping Center Business held a roundtable with a number of brokers and economic development executives in Philadelphia to understand the changes. It appears on page 56. A short drive south from Philadelphia is Wilmington, Delaware, where retail is also top of mind in the city. Wilmington has always been known as a financial and legal hub, but it's also known as a daytime city. The population is higher during the day than at night because of the number of people who commute in during the day. Many also commute in during the week. The city's hotel occupancy is extremely strong. Downtown Wilmington is seeing some signs of a retail renaissance, from lo- cal restaurants and entertainment venues to some national retailers and institution- al investment. SCB hosted a small round- table of owners, investors and economic development officials at the DuPont hotel recently to hear Wilmington's story. We found it interesting and an opportunity we thought we should present in our pages. The roundtable appears on page 68. California continues to be a force for re- tail on its own. With a gross domestic prod- uct larger than many countries, California is a driving force among retail trends, so we watch it closely. One trend we have been following is the development of smaller, more tailored retail and mixed-use cen- ters in the state. We talked to a number of sources active in California for an article found on page 42. We also interviewed Ed Hanley and Bill Asher of Hanley Invest- ment Group on the climate for investment sales, in California and nationally (see page 52). Shopping center owners continue to reinvest in their centers, creating new and exciting formats for retail, restaurant and entertainment. LBG Real Estate is current- ly underway with redevelopment plans for two centers — one in Oregon and the other in the Bay Area — that will bring new life to centers (see page 78 for details). There are dozens of other projects underway that enhance how different audiences interact with the retail environment. We are always excited to bring these stories to life in our pages. We are also excited to bring them to you through our Entertainment Ex- perience Evolution conference February 12-13, 2019, at the Beverly Wilshire hotel in Beverly Hills, California. For our fifth year, we are really seeking the best of the best in speakers and panelists. For more in- formation, please see the ad on page 65, or visit www.interfaceconferencegroup.com/ eee2019. Lastly, we are also excited to partner with our sister magazine Ancillary Retail on the 2019 Ancillary Retail Expo, to be held January 14-15, 2019, in Daytona Beach. The show will bring together the best and brightest in specialty retail, tem- porary tenants, pop-ups and out of home media, and feature educational content that this segment of the industry has been missing. For more information, see pages 70-71 or visit www.ancillaryretail.com/ expo2019. SCB ® Seeking Retail Scott France Jerrold France

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